#订单类型解析 In digital currency trading, there are several common types of orders:

Market Order

• Definition: An order that is executed immediately at the current market price. When traders place a market order, they do not specify a specific price, but rather transact at the best available buy and sell quotes in the market.

• Characteristics: Can be executed quickly, ensuring timely execution of trades, but cannot control the execution price, which may lead to transactions at less than ideal prices during significant price fluctuations.

Limit Order

• Definition: An order where the trader specifies a particular price, and it will only be executed when the market price reaches or exceeds that specified price.

• Characteristics: Allows control over the execution price, enabling traders to buy or sell at their desired price. However, if the market price does not reach the specified price, the order may not be executed.

Stop-Loss Order

• Definition: An order used to limit losses. When the market price reaches or falls below (for sell stop-loss) or reaches or exceeds (for buy stop-loss) the stop-loss price set by the trader, the stop-loss order automatically converts to a market order or limit order for execution.

• Characteristics: Helps traders to limit losses in adverse market movements and control risk. However, if the market price fluctuates rapidly, it may be executed at a worse price.